Is the RRTTLLU mnemonic no longer applicable for IPS construction?

CFA Level III
#1

Took L3 almost a decade ago, when this was taught by Schweser.

Risk, Return, Tax, Time, Legal, Liquidity, Unique.

I’m using the MM materials now but it’s not presented that way. Has the curriculum changed how it sees IPS objectives and constraints under private wealth management?

#2

The individual wealth management readings have been replaced.

No, RRTTLLU no longer exists, per se. Indeed, they now lump return and risk together under “investment objectives”.

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